Take-Two Interactive Software (NASDAQ:TTWO) Earns Buy Rating from Analysts at B. Riley

by · The Cerbat Gem

Equities research analysts at B. Riley started coverage on shares of Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report) in a research note issued to investors on Wednesday,Benzinga reports. The firm set a “buy” rating and a $300.00 price target on the stock. B. Riley’s price objective would indicate a potential upside of 20.61% from the stock’s current price.

Several other analysts also recently weighed in on TTWO. Jefferies Financial Group boosted their target price on Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Wall Street Zen lowered Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Wells Fargo & Company increased their price objective on Take-Two Interactive Software from $270.00 to $277.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. CICC Research began coverage on shares of Take-Two Interactive Software in a research report on Tuesday, September 30th. They set an “outperform” rating and a $272.00 target price on the stock. Finally, Wedbush upped their price target on shares of Take-Two Interactive Software from $290.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Twenty research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $266.33.

Check Out Our Latest Report on TTWO

Take-Two Interactive Software Stock Up 0.6%

TTWO stock opened at $248.73 on Wednesday. The stock has a market cap of $45.96 billion, a P/E ratio of -11.01, a PEG ratio of 3.95 and a beta of 0.96. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.73. Take-Two Interactive Software has a twelve month low of $177.35 and a twelve month high of $264.79. The company’s 50 day moving average is $249.42 and its two-hundred day moving average is $240.74.

Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report) last posted its earnings results on Thursday, November 6th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. Take-Two Interactive Software had a negative net margin of 64.26% and a positive return on equity of 12.49%. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the firm posted ($2.08) EPS. The company’s revenue was up 33.3% on a year-over-year basis. Research analysts expect that Take-Two Interactive Software will post 0.97 earnings per share for the current fiscal year.

Insider Activity

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 414 shares of the business’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $235.95, for a total transaction of $97,683.30. Following the sale, the director directly owned 2,716 shares in the company, valued at approximately $640,840.20. The trade was a 13.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Sheresky sold 182 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $235.11, for a total value of $42,790.02. Following the completion of the sale, the director directly owned 65,781 shares in the company, valued at $15,465,770.91. This trade represents a 0.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,421 shares of company stock worth $349,042 over the last 90 days. 1.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

Institutional investors and hedge funds have recently made changes to their positions in the business. Private Trust Co. NA raised its position in Take-Two Interactive Software by 27.1% during the third quarter. Private Trust Co. NA now owns 183 shares of the company’s stock worth $47,000 after acquiring an additional 39 shares during the last quarter. Miracle Mile Advisors LLC increased its stake in shares of Take-Two Interactive Software by 0.5% during the 3rd quarter. Miracle Mile Advisors LLC now owns 7,727 shares of the company’s stock worth $1,996,000 after purchasing an additional 39 shares in the last quarter. Mather Group LLC. increased its stake in shares of Take-Two Interactive Software by 2.7% during the 3rd quarter. Mather Group LLC. now owns 1,484 shares of the company’s stock worth $383,000 after purchasing an additional 39 shares in the last quarter. Blue Trust Inc. raised its position in shares of Take-Two Interactive Software by 42.9% during the 3rd quarter. Blue Trust Inc. now owns 150 shares of the company’s stock worth $39,000 after purchasing an additional 45 shares during the last quarter. Finally, STF Management LP increased its position in Take-Two Interactive Software by 1.8% during the second quarter. STF Management LP now owns 2,616 shares of the company’s stock worth $635,000 after buying an additional 46 shares in the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

About Take-Two Interactive Software

(Get Free Report)

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.

Featured Stories